Forex Rubber Band Swing Trading Strategy
Forex Rubber Band Swing Trading Strategy:
Many times when the green histogram pokes out of the black line, the price
reverses even if only for a short time. Sometimes it doesn’t. That’s why we
use stops. After all, we are trying to trade against the trend. So if a strong
trend is under way, the price may not turn around. That’s fine. Take a small
loss and move on.
As you can see, using the Rubber Band is easy. If the green histogram pokes
through to the down side, look for prices to move higher. If the green line
pokes out to the high side, look for prices to move lower.
Now, don’t rush out now and start trading. I know it’s exciting! Plot the
Rubber band on your own charts and see for yourself. It’s so cool seeing
where the price turned exactly on the Rubber Bands signal. However, there’s
more to it. One or two refinements that take this indicator and make it into a
trading method.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Rubber Band Swing Trading Strategy?
- Download Forex Rubber Band Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Rubber Band Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
